Prepayment; termination of Commitment. A notice under Clause 3.6(e) shall be irrevocable; and on the last Banking Day of the interest period set by the Bank, the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Margin and the balance of the Outstanding Indebtedness.
Appears in 2 contracts
Sources: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Prepayment; termination of Commitment. A notice under Clause 3.6(e3.8 (Notice of prepayment) shall be irrevocable; and on the last Banking Day of the interest period set by the Bank, Lender the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Applicable Margin and the balance of all other amounts payable under this Agreement and the Outstanding Indebtednessother Security Documents or, if the Commitment has not been advanced, the Commitment shall be reduced to zero and the Loan shall not be made to the Borrower under this Agreement thereafter.
Appears in 2 contracts
Sources: Facility Agreement (Euroseas Ltd.), Supplemental Agreement (EuroDry Ltd.)
Prepayment; termination of Commitment. A notice under Clause 3.6(e) shall be irrevocable; and on the last Banking Day of the interest period set by the BankLender, the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Margin and the balance of the Outstanding Indebtedness.
Appears in 2 contracts
Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Prepayment; termination of Commitment. A notice under Clause 3.6(e3.8 (Notice of prepayment) shall be irrevocable; and on the last Banking Day of the interest period set by the Bank, Lender the Borrower Borrowers shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Margin and the balance of all other amounts payable under this Agreement and the Outstanding Indebtednessother Security Documents or, if the Commitment has not been advanced, the Commitment shall be reduced to zero and the Loan shall not be made to the Borrowers under this Agreement thereafter.
Appears in 1 contract
Sources: Facility Agreement (EuroDry Ltd.)
Prepayment; termination of Commitment. A notice under Clause 3.6(e3.8 (Notice of prepayment) shall be irrevocable; and on the last Banking Day of the interest period set by the Bank, Lender the Borrower Borrowers shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Applicable Margin and the balance of all other amounts payable under this Agreement and the Outstanding Indebtednessother Security Documents or, if the Commitment has not been advanced, the Commitment shall be reduced to zero and the Loan shall not be made to the Borrowers under this Agreement thereafter.
Appears in 1 contract
Sources: Facility Agreement (Euroseas Ltd.)
Prepayment; termination of Commitment. A notice under Clause 3.6(eclause 3.8 (Notice of prepayment) shall be irrevocable; and on the last Banking Day of the interest period set by the Bank, Lender the Borrower shall prepay (without any prepayment fee under clause 4.7 or any premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Margin and the balance of all other amounts payable under this Agreement and the Outstanding Indebtednessother Security Documents or, if the Commitment has not been advanced, the Commitment shall be reduced to zero and the Loan shall not be made to the Borrower under this Agreement thereafter.
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Prepayment; termination of Commitment. A notice under Clause 3.6(e10.4 (Notice of prepayment) shall be irrevocable; and on the last Banking Business Day of the interest period set by the Bank, Lender the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Margin and the balance of all other amounts payable under this Agreement and the Outstanding Indebtednessother Security Documents or, if the Commitment has not been advanced, the Commitment shall be reduced to zero and the Loan shall not be made to the Borrower under this Agreement thereafter.
Appears in 1 contract
Prepayment; termination of Commitment. A notice under Clause 3.6(e3.6(f) (Notice of prepayment) shall be irrevocable; and on or before the last Banking Day of the interest period set by the BankLender, the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable interest rate plus the Margin and the balance of the Outstanding Indebtedness.
Appears in 1 contract